contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


ovaro-tecknade-ett-nytt-finansieringsavtal-med-danske-bank

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Frans-Mikael Rostedt

Ovaro Kiinteistösijoitus focuses on real estate investments and in particular real estate development, primarily buying, developing and selling offices and land. Ovaro also owns and rents offices and apartments. The company operates in various parts of Finland, but focuses its operations on Finland's growth centers, i.e. university cities and the capital region.

The flow of cautiously promising news continues. As some of the all of three followers of this thread might recall, I cashed out my small Ovaro gains in early December at the price driven up by the dividend news. However, I bought them back with limit orders when the share price was at a low point earlier this month. Measured in euros, the benefit of this amateurish flipping was pretty much net zero. But especially these days, it feels good to be on board with a company like this, which is completely immune to Trump’s tariff shenanigans.

Here are Frans’s comments as Ovaro launches an 8 million euro apartment building project in Kerava.  Ovaro Kiinteistösijoitus announced on Monday that it has started construction work on an apartment building in the center of Kerava. The project has a pre-sale rate of approximately 50%, and in our view, the start of the project is a critical step forward for Ovaro’s property development business. It is a concrete step in the company’s strategy, where the focus is shifting heavily towards real estate development and construction. In the big picture, the implementation of the project is in line with our forecasts, but the completion scheduled for the end of 2026 brings revenue into our forecasts sooner than previously estimated.                   Inderes              Ovaro pääsee käynnistämään kerrostalohankkeen Keravalla - Inderes    Ovaro käynnistää noin 8 MEUR:n kerrostalohankkeen.

Here are Frans’s comments regarding Ovaro’s specified guidance, among other things.  Ovaro Kiinteistösijoitus specified its 2025 earnings guidance on Tuesday. The company estimates that the result will be between 1.3–1.6 MEUR, which is a clear improvement from the comparison period (0.6 MEUR), but falls below our recently raised forecast (2.0 MEUR). The shortfall is most likely due to a decrease in the fair value of office property assets.                   Inderes              Ovaron täsmennetty ohjeistus viittaa toimistokiinteistöjen käyvän arvon...    Yhtiö arvioi tuloksen asettuvan 1,3–1,6 MEUR:n välille, mikä on selvä parannus vertailukaudesta (0,6 MEUR), mutta jää alle hiljattain nostetun ennusteemme (2,0 MEUR).

Ovaro is raising its guidance for its 2025 result (previous: better than EUR 586k; now: EUR 1.3–1.6m). Unfortunately, even the raised range falls short of Inderes’ forecast (EUR 2.0m). On the other hand, for a company of this type, the result for a single year fluctuates quite a lot anyway, so this news likely doesn’t carry much significance. The share price didn’t react more than typical daily volatility either.                   Tärkeimmät talousuutiset | Kauppalehti – 13 Jan 26              Ovaro Kiinteistösijoitus Oyj täsmentää taloudellista ohjeistustaan vuodelle 2025    Tärkeimmät ajankohtaiset talousuutiset, pörssikurssit ja kattavat sijoittajapalvelut löydät Kauppalehdestä.

Here is a fresh company report on Ovaro from Frans.  Real estate development company Ovaro is implementing a significant real estate and financial arrangement in December, which releases capital, strengthens the company’s financial base, and lowered the risk level. Due to the positive fair value change resulting from the land acquisition, our 2025 earnings forecast rose, but the forecasts for the coming years fell as a result of the arrangement. Our dividend forecasts rose as a result of the balance sheet becoming more efficient. Overall, adjusted for dividends, our 2026 equity per share forecast rose slightly. Despite the rise in the share price, the low valuation (2026 P/B 0.66x) combined with a dividend yield of approximately 4%, a lowered risk level, and the potential of the project pipeline keeps the risk/reward ratio positive in our view. We reiterate our target price of EUR 3.70 (note the EUR 0.36 dividend detaching on Monday) and our Accumulate recommendation.                   Inderes              Ovaro: Taseen tehostumiselle luotu edellytykset - Inderes    Kiinteistökehitysyhtiö Ovaro toteuttaa merkittävän kiinteistö- ja rahoitusjärjestelyn joulukuussa, joka vapauttaa pääomia, vahvistaa yhtiön rahoituspohjaa ja laskee riskitasoa.

Looking at Bloomberg for Ovaro’s total return data, since December, when Roininen became Chairman of the Board, the total return has been -24.5%, which is certainly not a good performance. Considering the situation Ovaro was in when he arrived, the performance is not bad imo. I would personally view it as a positive, though of course, it depends a lot on how profitable the current investments eventually turn out to be. Without the moves made in the company during Roininen’s tenure, returns would likely be on the weaker side of -90%.  This article clearly shows how weak the company’s situation actually was. If the governance changes hadn’t been made and apartments hadn’t been sold, the company most likely would not have been financeable once interest rates rose. They would have had to raise capital at very low valuations or fire-sell properties at even significantly larger losses. The company also had good luck, considering how significant a portion of the portfolio was sold at a truly excellent time.

Everyone certainly defines success in their own way, but if the share price drops from 13 euros to three euros during a CEO’s tenure, then in my opinion, it doesn’t fit the definition of success.

Ovaro Kiinteistösijoitus

Arrangemanget möjliggör fastighetsinvesteringar inom den närmaste framtiden.


Automatisk &#xf6;vers&#xe4;ttning: Ursprungligen publicerad p&#xe5; finska 2025-11-11 07:13 GMT. Ge feedback <a href="https://forms.office.com/e/Q3HWRqeAY2">h&#xe4;r</a>.Ovaro <a href="https://www.inderes.fi/releases/ovaro-kiinteistosijoitus-oyj-on-sopinut-122-meuro-suuruisesta-kiinteistojen-uudelleenrahoituksesta-danske-bank-oyn-kanssa">meddelade</a> om ett nytt finansieringsarrangemang p&#xe5; 12,2 miljoner euro med Danske Bank. I samband med arrangemanget betalar f&#xf6;retaget av sina nuvarande bankl&#xe5;n p&#xe5; ungef&#xe4;r 7,3 miljoner euro och tar upp nya l&#xe5;n p&#xe5; 4,9 miljoner euro. Detta &#xf6;kar f&#xf6;retagets likvida medel med motsvarande summa. Arrangemanget st&#xe4;rker f&#xf6;retagets likviditet och f&#xf6;rb&#xe4;ttrar dess f&#xf6;rm&#xe5;ga att finansiera framtida fastighetsinvesteringar. F&#xf6;retaget hade fortfarande behov av ytterligare likviditet f&#xf6;r n&#xe4;rtida investeringar, och likviditeten &#xe4;r nu enligt v&#xe5;r bed&#xf6;mning tillr&#xe4;cklig f&#xf6;r att betala k&#xf6;peskillingen p&#xe5; 13,5 MEUR f&#xf6;r markomr&#xe5;det Kukkula i Jyv&#xe4;skyl&#xe4;. Nyheten &#xe4;r ett positivt tecken p&#xe5; Ovaros finansieringsf&#xf6;rm&#xe5;ga, s&#xe4;rskilt med tanke p&#xe5; den nuvarande &#xe5;tstramningen av bankfinansieringen f&#xf6;r fastighetsutvecklingsf&#xf6;retag.

	2024	25e	26e
Revenue	5.3	4.2	10.6
growth-%	-6.1 %	-19.8 %	151.2 %
EBIT (adj.)	-0.5	5.3	5.7
EBIT-% (adj.)	-8.9 %	126.1 %	53.8 %
EPS (adj.)	0.07	0.25	0.41
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	48.6	13.0	7.8
EV/EBITDA	neg.	11.7	13.4

Ovaro tecknade ett nytt finansieringsavtal med Danske Bank

Key Estimate Figures2025-08-22

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